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Updated 7 months ago on . Most recent reply
Move property to LLC
Hi - I Am looking to move the property from my name to a LLC in Ohio. Does anyone have experience with this? I have a few questions. Thanks !
Most Popular Reply
Quote from @Amby Bhagtani:
Hi - I Am looking to move the property from my name to a LLC in Ohio. Does anyone have experience with this? I have a few questions. Thanks !
Amby,
You could either Quit Claim it, like @Remington Lyman suggested, or refinance if you are in a position to (don't have a 2020 rate and have some equity in it). The kicker for a lot of folks is giving up a 3%-4% rate to do that which makes Quit Claims a little more effective.
You just want to make sure that the title is done properly to avoid any downstream concerns